The new range would value the Winklevoss-led company at as high as roughly $3.1 billion versus about $2.2 billion at the previous price.
Figure Technologies is seeking to raise as much as $526 million at a valuation over $4 billion through the share sale.
The Winklevoss-led company plans to sell 16.67M shares at $17–$19 each, tapping a hot IPO market.
The miner 80% owned by Hut 8 is finalizing a merger with Gryphon ahead of listing. Trump brothers hold the other 20% stake.
Co-founder Eric Demuth said the lack of liquidity in share trading is putting off Bitpanda from seeking a public listing on the LSE.
Crypto firm has entered into a credit agreement with crypto exchange Gemini ahead of the latter’s initial public offering (IPO). The crypto exchange revealed the details of this agreement in its IPO filing, with the amount expected to be used to finance some costs that may arise during the public offering. Details Of Ripple’s Agreement With Gemini In its IPO filing with the SEC, Gemini revealed that it entered into a credit agreement with Ripple in July. Under the agreement, the crypto exchange can make lending requests of no less than $5 million each, and up to an aggregate commitment amount of $75 million. Furthermore, the initial commitment of $75 million can be increased or decreased from time to time, subject to the attainment of certain metrics that both parties have agreed on. Related Reading: Ripple CTO Says Next Project Is ‘Production Ready’, What Is It? However, the aggregate commitment of the credit agreement between Gemini and Ripple cannot exceed $150 million, meaning that is the maximum credit that the crypto exchange can request from the crypto firm. Once Gemini exceeds the initial commitment of $75 million, then it will need to make lending requests in the form of Ripple’s RLUSD stablecoin, which the crypto firm has to consent to. Gemini revealed that all its lending requests under the Ripple credit agreement must be secured by collateral. It shall also bear an interest rate per annum of 6.50% or 8.50% and must be repaid in USD. Although some details were redacted, the crypto exchange indicated that it has also received some amount from Ripple under the agreement. With this, Ripple has become a major backer for Gemini’s IPO, which is expected to take place soon. Notably, the crypto exchange’s financials in the IPO show that it posted net losses over the quarters that span back to March 2023. In just the first half of this year alone, Gemini has recorded a net loss of $282 million. Details Of The Gemini IPO With Ripple’s backing, Gemini plans to offer shares of its Class A common stock, although it has yet to reveal how many shares will be available in the IPO. The crypto exchange has yet to provide details on how much these IPO shares are likely to sell for each. However, it revealed that it has applied to list these Class A common stock on the Nasdaq stock market under the symbol “GEMI.” Related Reading: Ripple CTO Says XRP Ledger Has Been Battle-Tested To Power World’s Financial System Furthermore, the lead underwriters for the Gemini IPO are Goldman Sachs and Citigroup, with support from other firms such as Morgan Stanley and Cantor. Gemini’s IPO plans follow the successful execution of crypto exchange Bullish’s IPO, in which the exchange raised $1.15 billion after selling its shares for $37 each. Gemini will be looking to record similar success, considering the massive crypto demand among traditional finance (TradFi) investors. Featured image from Getty Images, chart from Tradingview.com
The move follows a confidential SEC submission earlier this month and comes amid a surge of digital asset firms tapping the equity markets.
The company said its net revenue for the first six months of 2025 was $67.9 million, against a net loss of $282.5 million.
Figure is joining a growing roster of digital asset companies seeking to go public amid booming crypto and stock markets.
The company plans to sell 20.3 million ordinary shares at $28-$31 per share.
The developer of design software previously disclosed ownership of $70 million of Bitwise's BITB, with plans to buy another $30 million in bitcoin.
Kraken is planning to raise $500 million at a $15 billion valuation amid a broader reopening of crypto capital markets under Donald Trump.
LaValle joined Grayscale in 2021 to address investor dissatisfaction with the Bitcoin Trust’s discount and worked on its conversion to a spot bitcoin ETF.
The asset manager joins a number of crypto firms that are looking to go public as the digital assets market heats up.
The possibilities of a Ripple Initial Public Offering (IPO) have become higher as time goes on and the company moves toward a complete resolution of its SEC lawsuit. With expectations of the IPO rising, possible valuations have started to fly around as the company is one of the largest cryptocurrency companies. Most notably, pro-XRP lawyer and community member John Deaton has proposed that the Ripple IPO could lead to the company being valued at over $100 billion. Deaton Puts Ripple At $100 Billion The comment and valuation from lawyer John Deaton come after Circle, the company behind the USDC stablecoin, successfully completed its Initial Public Offering (IPO). So far, the crypto firm has found a lot of success in the market, surging from an initial $5 billion valuation to over $63 billion in valuation post-IPO. Related Reading: Bitcoin To Surge To $130,000 Next? What The Wave Count Says Deaton responded to a post on X (formerly Twitter), highlighting this feat, pointing out how Ripple could be even more successful in this regard. He explains that despite Ripple CEO Brad Garlinghouse saying that the company was in no rush to go public, the IPO should be timed correctly to have the right impact. Pointing to the current market environment, he points out that if Circle can grow to a $63 billion valuation, then it means that Ripple can soar even higher. Given XRP’s standing in the market as the 4th-largest cryptocurrency, ahead of Circle’s USDC, which sits at 7th place, Deaton believes that Ripple’s valuation post-IPO can rise to $100 billion. “If Circle can hit a 62B-75B market cap then Ripple, with nearly 40B XRP, currently valued at $2 (ie $80B), could certainly hit a $100B market cap in this environment,” Deaton wrote. As Bitcoinist reported, Ripple had issued a $700 million tender offer with shares priced at $175. This now puts the equity valuation of the company at $25 billion with 141 million outstanding shares as investors look favorably at the crypto firm. How High Could The XRP Price Go? Market experts have speculated that if the Ripple IPO does go through and the valuation soars, the XRP price will soar in tandem. Crypto investor Dennis Liu shared a video that suggested a successful IPO would be positive for the XRP price. He points out that a symbiotic relationship of the XRP coin related to the Ripple stock would be the dream of investors. Related Reading: Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align Other market experts have debated that the XRP price would go double-digits to rise above $10 if this happens. In some cases, the XRP price has been pegged as high as $100 if Ripple does complete its IPO and begins trading as a publicly listed company. Featured image from Dall.E, chart from TradingView.com
Crypto companies are going public at a rapid pace—what's fueling the rush?
“We will absolutely consider an IPO in the future, if we go public, it would likely be in the U.S.,"said Haider Rafique, chief marketing at OKX.
The crypto exchange OKX is reportedly considering an initial US public offering (IPO) as the wave of crypto firms entering public markets gains momentum. Although the exchange has not officially confirmed these plans, Chief Marketing Officer Haider Rafique hinted at the possibility during a conversation with The Information, suggesting an IPO could be on the […]
The post OKX’s US comeback may reportedly lead to an IPO launch amid wave of interest appeared first on CryptoSlate.
The new venture will buy and hold TRX, like bitcoin holding firm Strategy.
Bullish filed confidential papers with the SEC as the Trump administration eases regulations and promotes digital assets.
Crypto trading platform Uphold is reportedly weighing a US initial public offering (IPO) or potential acquisition, as interest from major financial institutions intensifies. According to recent reports, the company has hired FT Partners, a top investment banking firm in the fintech sector, to explore strategic options. This move suggests that Uphold is actively evaluating pathways …
Specific details around the size and valuation of the offering remain undisclosed.
The stablecoin issuer’s IPO arrives as investors brace for more market headwinds and regulatory change while stablecoin demand grows.
Circle, the company behind the USDC stablecoin, has revised its IPO filing to reflect stronger-than-expected investor demand, according to a June 2 filing with the US Securities and Exchange Commission (SEC). The updated filing shows Circle now plans to issue 32 million Class A shares, up from the previously announced 24 million. It also raised […]
The post Circle boosts IPO amid strong investor interest, eyes $7.2B valuation appeared first on CryptoSlate.
Circle filed for an initial public offering on Tuesday.
The company's shares will trade under the ticker "CRCL."
The stablecoin issuer took part in informal talks over a potential sale from which it was seeking at least $5 billion.
The company raised about $310 million from the Nasdaq listing.
eToro intends to list 10 million "ETOR" shares on the Nasdaq at a $4 billion valuation after its 2022 IPO plans fell through.
A filing on the country's corporate registry shows the exchange registered a new entity in preparation for an IPO.